Australian activewear brand Stax, known for products such as black tights and fleeces and associated with celebrity wear, announces it has entered insolvency proceedings. Multiple outlets report that the company made the announcement on Wednesday. The Brisbane Times and The Age state that Stax has gone into administration, while the Sydney Morning Herald reports it has entered receivership. The reports describe Stax as an activewear label that has gained attention for its clothing, including items worn by international entertainers Jennifer Lopez and Lizzo.
While the outlets differ on the specific legal mechanism named in the announcement—administration versus receivership—the coverage is consistent that the company has moved into formal insolvency processes. The reports do not provide details on the cause of the financial difficulties, the scope of restructuring, or the impact on employees and customers. Further information is expected as the appointed insolvency practitioners assess the business and determine next steps.
